to provide that lessors of social housing may request the secretary to deduct payments of rent and certain other costs from the social security or family tax benefit payments of tenants and certain other adult household members;

Social Security Act 1991

to make consequential amendments; and

National Rental Affordability Scheme Act 2008

to: clarify that the rent charged for a National Rental Affordability Scheme (NRAS) dwelling must be at least 20 per cent lower than the market value rent on each occasion rent is charged; provide greater flexibility in how maximum vacancy periods are prescribed; provide for the variation of a condition of an NRAS allocation; and allow the regulations to provide for the transfer of an NRAS allocation to another rental dwelling in certain circumstances.

to: amend the residency requirements for the age pension and the disability support pension by changing certain timeframes which need to be met before claims will be deemed payable to eligible recipients; and increase the maximum liquid assets waiting period for youth allowance, austudy, newstart allowance and sick allowance from 13 weeks to 26 weeks;

Social Security Act 1991

and

Veterans’ Entitlements Act 1986

to cease payment of the pension supplement after six weeks temporary absence overseas and immediately for permanent departures; and

A New Tax System (Family Assistance) Act 1999

to align the income test taper rates so that all income above the higher income free area is treated equally when calculating an individual’s rate of family tax benefit Part A.

to enable the Commonwealth to provide financial assistance to the states for housing, homelessness and housing affordability matters by: ceasing the National Specific Purpose Payment for Housing Services; and providing ongoing funding in accordance with a primary housing agreement, a supplementary housing agreement or a designated housing agreement.

and five other Acts to give the Australian Prudential Regulation Authority additional powers for crisis resolution and resolution planning in relation to regulated entities, including in relation to: statutory and judicial management; directions powers; transfer powers; conversion and write-off of capital instruments; stay provisions; foreign branches; the Financial Claims Scheme; and wind-up and other matters.

to: establish the Banking Executive Accountability Regime (BEAR) to impose accountability, remuneration, key personnel and notification obligations on authorised deposit-taking institutions and persons in director and senior executive roles; and provide the Australian Prudential Regulation Authority (APRA) with additional powers to investigate potential breaches of the BEAR and extend these powers to APRA’s other supervisory functions; and

to enable the Australian Prudential Regulation Authority (APRA) to makes rules and directions relating to the provision of finance by non-authorised deposit-taking institution lenders which APRA has identified may materially contribute to risks of instability in the Australian financial system; remove restrictions on the use of the term ‘bank’; and insert an objects provision; the

National Consumer Credit Protection Act 2009

to: require that the suitability of a credit card contract is assessed on the consumer’s ability to repay the credit limit within a certain period; prohibit providers from making unsolicited credit limit offers in relation to credit card contracts and from retrospectively charging interest on credit card balances; and enable consumers to reduce credit card limits and terminate credit card contracts, including by online means; and

to replace the Exploration Development Incentive with the Junior Minerals Exploration Incentive, which will enable junior exploration companies undertaking greenfields minerals exploration to distribute their tax losses as a refundable tax offset to investors who have purchased newly issued shares; and